With Walmart Upbeat About the Holiday Shopping Season, Is Now the Time to Buy the Stock?

Even as consumers have experienced some continued stress from the prior period of high inflation, Walmart (NYSE: WMT) continues to be one of the biggest winners in the retail space. The retail giant posted another strong quarter of sales and took a positive view on the upcoming holiday season.The stock is now up more than 60% year to date, as of this writing. The question for investors is, can the momentum in the stock continue? Let's take a closer look at its most recent results and guidance to help find out.Continuing its string of solid mid-single-digit growth, Walmart's revenue rose 5.5% in the third quarter, which ended Oct. 31, to $169.6 billion. Adjusted earnings per share (EPS), meanwhile, climbed up 14% to $0.58. Both metrics topped analysts' expectations, which called for revenue of $167.2 billion and adjusted EPS of $0.53.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool